Solstad Secures Technip Vessel Deal

Solstad Offshore has entered into a frame agreement with Technip Norge and Technip UK for supply of vessels for trenching, construction and subsea services.

The frame agreement is valid for 2016 – 2018, the Norwegian vessel owner said in Oslo Stock Exchange filing on Thursday.

Through this agreement Technip can utilize Normand Progress, Normand Pioneer, Normand Ranger and Normand Mariner.

Under the agreement Solstad will be Technip’s supplier of tonnage for trenching and subsea construction work.

Solstad said that the commercial terms between the parties are confidential.

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